Economic Buzz: New Zealand Trade Deficit At NZ$701 Million In June

21 Jul 2022 , 12:33 PM

New Zealand posted a merchandise trade deficit of NZ$701 million in June, Statistics New Zealand reported – following the downwardly revised NZ$195 million surplus in May (originally NZ$263 million). Exports rose 7.7 percent on year to NZ$6.42 billion, while imports surged an annual 25 percent to NZ$7.12 billion. In the year to June, annual goods exports were valued at NZ$67.6 billion, up NZ$7.2 billion from the previous year. Annual goods imports were valued at NZ$78.1 billion, up NZ$17.4 billion from the previous year. The annual trade deficit was NZ$10.5 billion. In the year ended June 2021 there was a deficit of NZ$277 million.Powered by Commodity Insights